Daycare-Converted Office
For Sale
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68 Executive Drive, Jackson, TN 38305
A 2,400± sf commercial building with two separate utility meters and flexible office configurations on each side.
Property Size2,400 SF
Price / SF$164.58
Days on Market115
Property Features for 68 Executive Drive
General Information
Standard status
Active
Size
2,400 SF
Class
B
Total Parking Spaces
16
Property subtype
Office, Retail, Industrial
Building Details
Year Built
1997
Listing Agency:
Ragan Realty Group
Listed By:
Brandi Ragan · License #333847
(731) 267-1932
Source:
Crexi
Added: Jul 6
Changed: Oct 25
Last Checked: Oct 26 at 1:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ragan Realty Group
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Investment Insights
Based on property information with market context.
68 Executive Drive is a 2,400± square foot commercial building most recently operated as a daycare. The property was designed for versatility, with two separate utility meters that support split use and flexible operations.
The layout provides approximately 1,200 square feet per side, with multiple office configurations on each half. This arrangement can suit owner-occupancy with space for additional tenants, or an investment strategy where separate areas are leased out.
The building’s practical split utility setup and office-ready configurations make it a straightforward option for converting back to professional office use.
The layout provides approximately 1,200 square feet per side, with multiple office configurations on each half. This arrangement can suit owner-occupancy with space for additional tenants, or an investment strategy where separate areas are leased out.
The building’s practical split utility setup and office-ready configurations make it a straightforward option for converting back to professional office use.
Key Highlights
- 2,400± SF commercial building built in 1997 with flexible space for business use
- Formerly operated as a daycare; can be converted back to professional office space
- Two separate utility meters support separate tenant use or owner‑occupancy with additional income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,611
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,220
$512.2K
Cap Rate 7%
$365,871
$365.9K
Cap Rate 9%
$284,567
$284.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$40.9K $17.04/SF
− Vacancy
−$6.7K −$2.81/SF
EGI
$34.1K $14.23/SF
− OpEx
−$8.5K −$3.56/SF
NOI
$25.6K $10.67/SF
Area
Madison County, TN
Vacancy
16.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,220
Cap Rate 7%
$365,871
Cap Rate 9%
$284,567
Alternative Uses
Best Use
Office B
$365.9K
$320.1K – $426.9K
NOI $25,611 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.2K
$432.4K – $576.6K
NOI $34,595 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
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Business Placement
Demographics for 38305, TN
52,686
Population
22,950
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
94%
High-School Grad
128.0 sq mi
ZIP Area
412
Density / Sq Mi
$66,292
Median Household Income
$37,416
Median Earnings
$1,201
Median Rent
$221,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A 2,400± sf commercial building with two separate utility meters and flexible office configurations on each side.
Where is this office unit located?
The property is located at 68 Executive Drive Jackson, TN.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,400± SF commercial building built in 1997 with flexible space for business use; Formerly operated as a daycare; can be converted back to professional office space; Two separate utility meters support separate tenant use or owner‑occupancy with additional income
